PAZ Fuels Profitability with Latest Offering From Profitect - ABC 8NEWS - WRIC | Richmond, Virginia News & Weather

PAZ Fuels Profitability with Latest Offering From Profitect

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SOURCE Profitect

Roadside retailer capable of leveraging Profit Amplification Application

WALTHAM, Mass., Jan. 23, 2014 /PRNewswire/ -- Profitect announces the upgrade of their longtime customer, PAZ, to the new version 3.2 of their Profit Amplification Suite. 

(Logo: http://photos.prnewswire.com/prnh/20110712/NE33204LOGO )

Version 3.2 of Profitect's Profit Amplification solution is a complete technology redesign, focused on improving performance and user experience. The open platform, with a new rule engine, upgraded solutions management capabilities, and new multi-dimensional analytics, will allow PAZ to continue and improve their business even faster.  With user driven administrative functionality, PAZ will now have autonomy to configure the product to meet their ever changing and evolving needs easily and without the wait time of the previous version.  Paz will benefit from the new integrated opportunity manager designed to ensure that every profit improvement opportunity is executed.

Ofer Medzinski, PAZ CIO:  "The new version is a significant leap ahead in technology to the V2 platform we've been using.  The upgrade was fast and our team was able to easily migrate to the new version and began realizing benefits with much less effort."

Profitect's upgraded solution enables customers who are using more than one of Profitect's modules to access them seamlessly from one user interface and sign-on.  Additionally, the system enables various users from different areas of the business to satisfy their own needs for insights, opportunities, predictions, and solutions.

Guy Yehiav, CEO/Profitect stated "Paz is one of our first and most loyal customers. The Profitect Suite supported their outstanding team in realizing huge benefits.  We are excited for our original customers to experience our latest technology.  Taking care of all our customers is a continued emphasis at Profitect.  Our team is focused on constantly delivering the best solution to achieve the highest ROI.  Version 3.2 is just the latest example of this commitment."

About PAZ/Israel 
As Israel's largest fuel company, Paz, dominates the roadside retail market with a strong, universally recognized brand, 24/7 availability everywhere, and advanced, efficient, computerized operating methods.  At the company's modern gas stations, located on Israel main roads and highways, customers buy fuels, lubricants, food and drinks, leisure items and various accessories and services for drivers, such as wireless internet, ATMs, and more.

About Profitect 
Profitect's Profit Amplification software, a pattern-seeking solution, enables retailers to quickly realize increased revenue and reduced costs across the entire retail supply chain.  Profit Amplification pattern-seeking algorithms can "tell a story" by identifying the root cause of anomalies such as inventory distortion, on-shelf availability, shrink/waste/damage, or process non-compliance – helping retailers minimize the effort necessary to identify controllable factors which the solution translates into action.  As a result, retailers can move quickly to prevent profit leakage at all levels of the organization, ultimately improving business processes and the top and bottom line.

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